Metaplanet's new 1,241 BTC purchase pushes holdings past El Salvador
Quick Take
- The Tokyo-listed investment firm announced Monday that it acquired an additional 1,241 BTC.
- This brought its total holdings to 6,796 BTC, worth about $706.7 million based on current market prices.
Japanese investment firm Metaplanet has purchased another $126.7 million worth of bitcoin, with its total holdings overtaking El Salvador's.
Metaplanet, often dubbed Asia's Strategy for its continued bitcoin accumulation, announced Monday that it has purchased 1,241 BTC for roughly $126.7 million at an average price of $102,119 per bitcoin.
The Tokyo-listed firm now holds 6,796 BTC, acquired for $608.2 million at an average price of $89,492, according to CEO Simon Gerovich's post on X. Based on current market prices, the company's total bitcoin holdings are worth about $706.7 million.
"Metaplanet now holds more Bitcoin than El Salvador," said Gerovich in a separate post. "From humble beginnings to rivaling nation-states, we're just getting started."
El Salvador, the Central American nation that embraced bitcoin in 2021, currently holds 6,174 BTC, according to its Bitcoin Office.
Metaplanet began accumulating bitcoin in April 2024 as part of its crypto strategy and has steadily increased its holdings since. The company aims to reach 10,000 BTC by the end of 2025 and crossed the halfway mark last month.
The company has financed its bitcoin acquisitions through a series of bond issuances. On Friday, it announced a new $21.25 million bond sale, marking its 14th issuance of ordinary bonds to date.
Metaplanet remains the largest publicly listed corporate holder of bitcoin in Asia and ranks 11th worldwide, according to data from Bitcointreasuries.net. Strategy, led by Michael Saylor, remains on top of the global rankings with 555,450 BTC.
Meanwhile, Metaplanet shares rose 3.82% in Monday trading in Japan, with markets still open.
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